Sebi panel backs overseas listings of Indian firms

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By Jonathan Breen
05 Dec 2018

Indian companies should be allowed to list offshore if they meet certain criteria, a Securities and Exchange Board of India (Sebi) committee has recommended. The committee also approved several possible destinations.

The committee has suggested changes to regulatory frameworks including the Sebi Act, Companies Act and Foreign Exchange Management Act, as well as to tax laws to facilitate overseas IPOs. But any unlisted Indian companies would be governed by the laws of where they choose to list and not ...

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